Electricité de France and Mitsubishi have selected Citibank and Fuji Bank to lead a $200 million non-recourse loan for the construction of Altamira (495 MW), a combined-cycle gas turbine plant in northeastern Mexico, says a project banker involved in the financing. The Japanese Bank for International Cooperation will act as a senior co-arranger. The financier says syndication should close by the end of next month, but declined to name the banks approached or comment on fees, pricing, or tenor.
February 10, 2002